Wind Turbine Composites Market Size

Wind Turbine Composites Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The market for wind-turbine composites is estimated to reach $13.94 billion in 2024, and is expected to reach $23.07 billion by 2035. The growth rate of this market is a healthy CAGR of 6.89 percent from 2025 to 2035. The main driving force is the increasing demand for green energy, especially wind energy. The increasing demand for wind energy, especially in China, will increase the demand for wind energy, especially for advanced composite materials to increase the efficiency and life of wind power generation. In addition, the development of composite materials, such as the development of lighter and stronger resins, will also promote the growth of the market. Also, the automation of fiber placement and 3D printing will reduce the cost of wind-turbine components and improve their performance. GE, Vestas and Siemens are investing in R & D and launching new products to take advantage of this market. The latest efforts of Siemens-Gamesa to optimize the blade design and composition of the blades of its wind power generators are an example of the industry's commitment to innovation and sustainability.

Regional Market Size

Regional Deep Dive

The wind-turbine composites market is experiencing significant growth across the globe, driven by the rising demand for clean energy and the technological advancements in composite materials. The regional markets are characterized by their own regulations, economic conditions and technological innovations. North America is focusing on increasing its wind-power capacity, whereas Europe is promoting sustainable development through its regulations. Asia-Pacific is rapidly expanding its manufacturing capabilities, whereas the Middle East and Africa are starting to invest in their wind-power capacity. Latin America is also emerging as a potential market, with its abundant wind resources and supportive government policies.

North America

• The American government is planning to improve the efficiency of the windmills, which is to be accompanied by a growing use of advanced composite materials.
• Companies like GE Wind and Siemens Gamesa are investing in the development of new lighter and stronger composite materials, which will increase the performance of the wind farms and reduce the cost of the equipment.
• In the United States, offshore wind projects are on the rise, especially in New York and Massachusetts. These projects are driving a demand for special composite materials that can withstand the harsh marine environment.

Europe

• In order to make Europe the first continent to become climate-neutral by 2050, the European Union's Green Deal will increase investment in wind energy and composite materials.
• The first to use these composite materials are companies like Vestas and LM Wind Power. They are focused on sustainable development and the reduction of the carbon footprint of wind energy production.
• The new German and Danish regulations will have a great influence on the market for composite materials.

Asia-Pacific

• China is still the world's leading producer of wind-driven machines, and companies such as Goldwind and Sinovel have been the forerunners in the development of advanced composite materials for the blades of the wind-driven machines.
• The National Wind-Solar Hybrid Policy of India is aimed at integrating wind and solar energy. The demand for composite materials to support such hybrid systems is thus growing.
• Japan and South Korea are investing heavily in wind energy and this is expected to boost composites.

MEA

• The United Arab Emirates and South Africa are beginning to invest in wind energy, with government backing and the intention of diversifying their energy sources.
• The African Development Bank, which is investing in the region in the field of energy, will probably be able to create opportunities for composite manufacturers to supply materials for new wind farms.
• Cultures are shifting towards the environment and the wind energy industry. The governments are giving more support to the wind energy industry and the use of composite materials.

Latin America

• Brazil is becoming a leader in the Latin American wind energy sector, with large investments in wind farms, which require advanced composite materials for the construction of the windmills.
• Brazil has a government which has adopted a policy of encouraging foreign investment in the field of new energy, and this is expected to raise the demand for wind-turbine materials.
• Floating wind farms are in the planning stages for Chile, and this will be an opportunity for composite material manufacturers to supply materials for the new technology.

Did You Know?

“Depending on the length of the blades, they can weigh up to a third of the weight of the entire windmill.” — National Renewable Energy Laboratory (NREL)

Segmental Market Size

The wind energy composites market is booming, mainly due to the increased demand for lightweight and durable materials for the production of wind power plants. This market is playing an important role in increasing the efficiency and lifespan of wind power plants, which is why it is crucial to the overall growth of the wind energy market. The two main drivers of this market are the growing demand for renewable energy, which is being supported by government regulations to reduce carbon emissions, and technological advancements in composite materials that are improving performance and reducing costs.

In the meantime, wind power composites are at the stage of a few applications. Leading companies like Siemens, Gamesa, and Vestas are using them. They are mainly used for rotor blades and nacelle components, where the strength-to-weight ratio of materials like carbon and glass fibre composites is a major advantage. And the market is growing fast, helped by trends like sustainability, the demand for green energy, and government support for renewable energy. The development of new production methods like automation of fibre placement will also have an impact.

Future Outlook

The composite windmill market is expected to grow at a CAGR of 6.87% between 2024 and 2035. This growth is driven by the increasing demand for renewable energy sources, driven by international initiatives to reduce greenhouse gas emissions and combat climate change. In order to meet the goals set for the reduction of greenhouse gas emissions, the use of wind energy is expected to increase significantly. This will result in a similar increase in the use of composite materials in the manufacture of windmills. By 2035, it is expected that composite materials will constitute more than 50% of the total material used in windmill construction, improving the efficiency and performance of windmills, while reducing their weight and cost.

The development of lighter and stronger composite materials is expected to drive the market growth. The development of new resin systems and manufacturing processes, such as fiber placement and 3D printing, will increase the scalability and scalability of composite production. The promotion of the construction of new energy vehicles and the support of the construction of new energy vehicles will also play a role in driving the market penetration. Also, the integration of digital technology for the prediction of maintenance, and the increasing attention to the environment and the development of composite materials, will also have an impact on the development of the wind composites market. The wind energy industry is constantly changing, and all parties need to be flexible and agile, so as to seize the opportunities in the trend and achieve the goal of energy transition.